On Friday, Gannett Co., Inc. - (The Daily Times parent Company) - achieved yet another milestone by exceeding all previous record lows. The stock was trading during intraday at $11.92/Share. Folks, this stock was recently trading as high as $63.03 as late as February of 2007. Since then it has continued to spiral downward.
http://finance.google.com/finance?q=NYSE:GCI
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
I guess it is pointless to say that the whole market had the largest weekly drop in its history and you like to "haha" one single stock because you dont like one of their papers.
ReplyDeleteGannett is a joke!
ReplyDelete8:44 you missed the entire point here. The whole market has dropped about 40% since it's peak. Based on that premise, Gannett would be valued at $37.82!
ReplyDeleteIt is worth less than 1/3 of that now.
I wouldn't have their stock if you gave it to me.